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What are NFTs? - Unique Digital Assets

March 29, 2023
What are NFTs? - Unique Digital Assets

So you've reached the point where you know about NFTs and they have caught your attention, or maybe you've heard of someone who is doing well as an investor or collector. Now the question is, where to buy NFTs? And is it safe?

But first, a bit of a freshen up on the concept of NFTs. Non-Fungible Tokens or NFTs are not replaceable assets. They are fundamentally used as proof of ownership of digital content such as art, music, trading cards, and others. NFTs use blockchain technology and can be stored in crypto wallets just like any cryptocurrency. So, If you want to buy NFTs, you will need a funded crypto wallet. 

Make sure you continue to read on as we will be providing some important information on where to buy NFTs and how to create your crypto wallet. Also from here on, we will pretend you know the basics, and if you don´t, please read our article on what are NFTs?

Marketplaces to shop around for NFTs

There are several marketplaces where you can shop NFTs. Some of the most popular are OpenSea, Rarible, and Nifty Gateway, but there are many others. NFT marketplaces have a broad range of NFT categories that will suit the majority of people shopping around for NFTs.  These marketplaces will include any digital assets that can be bought, sold, or traded online including and not limited to trading cards, music, and even virtual property. Yes, virtual property!. The assets can be acquired through auctions in which case you can see the history of all the bids made to acquire the assets. Buy it now and make offers are also available.

If you are a creator, one cool feature of marketplaces is that you can easily create new NFT items so they can be sold and traded. You don´t have to worry about complex blockchain technology. In a few steps, you can create an NFT using your image, video, audio or 3D model.

How to buy NFTs in a secure way? Creating your crypto wallet

A crypto wallet allows you to send, receive, spend cryptocurrencies. In the case of NFTs, most are supported by the Ethereum blockchain, so you will be needing a wallet supporting Ethreum (ETH) most of them do! Just so you know, the wallet won't hold any of your crypto assets. A crypto wallet is meant to store the master keys that access your assets in the blockchain.

That being said, one of the most popular and recommended tools to create your crypto wallet is called metamask. It works as an extension that can be installed conveniently in your browser in a few steps.  Setting up metamask is as simple as clicking on create a new wallet and creating new passwords for your account. After that, you will be given a 12-word master key. It is important to keep the recovery key safe since it will help you recover your wallet and funds if you ever lose access.

The last step would be to fund your wallet which is usually done through a credit card. Never share credit card details with anyone promising to fund your wallet!. Now, every time you go to a marketplace or community to buy NFT, you can connect your account and make payments with your wallets. Just follow the prompts!.

How to buy NFTs from StadioPlus

At StadioPlus, we make it easy for sports fans to collect their favorite sporting moments as NFT pieces of art. We offer two options to buy NFTs: the first option is a more traditional form of payment in euros or dollars. You simply choose the art piece you like and make a transfer. It is as simple as that!. We´ll guide you through the process of creating your own wallet and recording the purchase in the Ethereum blockchain. Click here for more details.

 StadioPlus NFT art piece depicting football legend, Maradona.

The second option is a crypto payment using your own wallet. This is more suited for people who are already familiarized with blockchain technology and crypto-wallets. As we said previously, we recommend using metamask as a simple and safe way to create your wallet and enter the world of NFTs.

If you still have any questions, don´t hesitate to visit us at StadioPlus. We´ll be glad to answer your questions and welcome you into our community.